Investor confidence index survey results are in the hot zone. Investors expect an inflow of capital. And the growth of the domestic economy While investors are concerned with tourism Situation of international conflict And a new wave of outbreaks, looking at the SET index target of 1,600 this year as the economy recover
Mr. Paiboon Nalintrangkun, Chairman of the Federation of Thai Capital Market Organizations, revealed that the FETCO Investor Confidence Index (FETCO Investor Confidence Index) survey in December 63 found that the index in the next 3 months was at 130.63, down 19.1% from the previous month, which was in a very hot condition. This also reflects investors’ confidence compared to the movement of the index throughout the year. Investors expect capital inflows to be the most driving factor. Followed by the economic growth in the country. And results of listed companies The factors that drag the confidence of investors the most are: Travel Followed by the situation of international conflicts And the economic recession in the country Including the new wave of Covid-19 outbreak
The FETCO Investor Confidence Index (FETCO Investor Confidence Index) survey in December 63 was summarized as follows: The confidence index of all investors in the next 3 months (Mar. 64) is in a hot range (120-159 index range), dropped 19.1% from the previous month to 130.63. The confidence of individual and institutional investors remained stable. While the accounting group, securities companies and foreign investors were in the hot range. Most interesting business category Is the banking category (BANK) the most interesting business category Is the tourism category (TOURISM), the driving factor that has the most influence on the Thai stock market is Inflow of capital The traction factors that influence the Thai stock market the most are Travel
“As of December 63, investors’ confidence found that the confidence of all groups of investors fell. The individual investors dropped 21% to 117.95, the securities companies accounted for 23% to 128.57, the domestic institutional investors fell 24% to 119.05. The country dropped 14% to the level of 150.00 “
In the first half of December 2020, the SET index increased from the previous month. The movement is between 1,417-1,483 due to the good news of the gradual adoption of the Covid-19 vaccine in many countries and capital flows into the emerging market, especially in the Thai capital market, which has a cyclical stock. ) High, resulting in net investment from foreign investors in the Thai capital market continuously positive. However, in the second half of the month, the index was volatile due to a new wave of Covid-19 in Thailand. At the end of December, the SET Index closed at 1,449.35, an increase of 2.9% from the previous month.
For investors to expect capital inflows is the most driving factor. Followed by the economic growth in the country. And results of listed companies The most traction factor for investor confidence is tourism. Followed by the situation of international conflicts And the economic recession in the country In addition to the new Covid-19 outbreak, investors are most interested in banking (BANK), followed by petrochemicals and chemicals (PETRO) and information and communication technology (ICT). Tourism and leisure (TOURISM) is not the most attractive investment. Followed by the fashion category (FASHION) and the print media category (MEDIA).
As for the foreign factors that are worth monitoring, including Election of US senators This will affect the issuing of economic stimulus policies that can be easily passed the council. Measures to shut down cities in many areas in Europe and Asia This increases the risk that the economy may return to a severe recession again. The domestic factors that need to be monitored include: The impact of the new Covid-19 outbreak will affect the economic recovery in the country, especially the tourism sector.
“Look at the target of the Thai stock market index in the year ’64 to be at 1,600 points, with the Thai stock market index receiving a positive sentiment following the global market direction. Especially in the first half of the year, the economic numbers clearly recovered. Despite the second wave of COVID-19 outbreaks, people were not as worried as to the first outbreak. Most investors have high expectations about the COVID-19 vaccine. Many drugmakers are now able to produce vaccines and have started injections to the general public in more than 40 countries, but still need to monitor the effects of vaccines and their efficacy. Including the amount of vaccine production that will be sufficient for the population around the world. Which if something goes wrong, it will have a heavy impact on the global stock market index “
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